If you are having more REITs in your portfolio , the chances that you are beating STI is higher as most of the REITs are having good "run" so far. Overall YTD returns for FTSE ST REIT Index is 16.5% vs STI of 7.67%. Since I have more than 42% of REITs in my portfolio , quite natural that my portfolio also outperformed STI by +6.3% with YTD returns of +13.97%.

Are REITs Overvalued Now ?

From long term trend perspective, valuation for S-REITs looks "rich " as you may see that is very close to +0.5SD trend line , a level never seen since May 2013.

You may also notice that the dividend yield for some of blue chip REITs been compressed to 4-5% like Capital Mall REIT/ Capital Commercial REIT/ FCT / Ascendas Ind REIT/ ParkWayLife REIT or even Keppel DC REIT.

Base on below from OCBC Investment